When you start a business, there are a million things to think about and do. Whether you are opening your own one-man shop or have invested in a franchise that will require 70-plus employees to operate, you have a lot on your plate. Here, we’d like to provide a helpful list of things that are commonly overlooked by new business owners, until they run into a situation. Get ahead of the game and be prepared!
If you are opening your own coffee stand, tending to the cleaning will likely be a routine part of your day. However, if you own trampoline park franchises, cleaning will be much more difficult for you and your employees to dedicate your time to. While you may have to conduct routine cleaning as part of the day-to-day operating procedures, the majority of the housekeeping should be left to a commercial cleaning company. Hire a cleaning company that is affordable but will clean to your standards and specifications — after all, your sales will be greatly affected by the presentation of your establishment.
Unless you are a master accountant and your business doesn’t consume all of your time, it is a good idea to have a working relationship with an accountant. Whether you hire an accountant as part of your staff to handle all of the bookkeeping and payroll, or you work with a third party accounting firm to handle the big things, like taxes, it is essential to the success of your business to have an accountant. Find one that you can afford and who can offer valuable advice.
Regardless of what your business is, you will have a heating and cooling system, a plumbing system, and likely a network (phones, computers, point of sale equipment) that you’ll need to remain functioning at peak performance levels. If you are located within a building that handles all of your utility issues, you are set — congratulations! Otherwise, you’ll want to initiate maintenance contracts with your local HVAC company, plumber, and IT support company. When you establish maintenance contracts, these companies will regularly come out and inspect your systems for potential problems and ensure things continue to run smoothly. If you overlook this tip, you’ll likely find yourself scrambling for an emergency maintenance number at the most inconvenient of times!
Marketing and Advertising
It doesn’t matter how amazing your business or product is, if no one knows it exists! As Henry Ford stated “stopping advertising to save money is like stopping your watch to save time.” No matter your method of marketing and advertising — word of mouth, self-made fliers, television commercials, or SEO digital marketing — it is this that will get customers through your front door (or onto your site) and money flowing in your business. While there is no magic number of what you should dedicate to marketing and advertising, a general rule of thumb is at least five percent of the company income. Of course, quality is the key when it comes to getting your name out there, so invest in a marketing tactic that offers the most comprehensive and inclusive advertising methods.
When you are a business owner, you have more on your plate than there are hours in a day to get things completed. Keep these tips in mind to help take tasks off your list. While you may be concerned that these are all extra expenses that as a new business owner you can’t afford, all of these tips will end up saving you money in the long run and will save you time immediately, which is essentially saving money! For more franchising tips and advice from the experts, contact us at Rebounderz Franchise today!